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    QBI Blog

DOL Fiduciary Ruling

The Holistic Fiduciary Ruling

Beginning April 10, 2017, the new Best Interest Contract Exemption and the Principal Transactions Exemption DOL ruling will begin a phased implementation that will allow for transition until January 1, 2018. Advisors, marketing organizations, carriers -- and everyone in between – are impacted by the ruling. The Labor Department indicated that investors waste $17 billion annually in excessive advisory fees as a major reason for this legislation..

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